Interest paid (earned) on only the original principal borrowed (lent) is often referred to as
Answers
Answered by
9
Answer:
The answer to the given question is simple interest.
Interest paid (earned) on only the original principal borrowed (lent) is known as SIMPLE INTEREST.
Some people may think about this in the context of following options,
present value
simple interest
future value
compound interest
But the correct answer is simple interest. It is a quick way of calculating interest charge on a loan.
Answered by
1
Answer:
compound interest is the right answer
Similar questions